HARTCOURT WKN 900009...ein brodelnder Vulkan...
Erroneous " E" Status for The Hartcourt Companies Ticker Symbol
Wednesday, March 23, 2005 11:38 ET
SHANGHAI, CHINA, Mar 23, 2005 (MARKET WIRE via COMTEX) --The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), today announced that upon confirmation with the OTC Listing Qualification Department, the " E" symbol on " HRCT.OB" is an error. OTC has already made the correction in its system and it will be reflected on OTC web site's " Daily list" at 2pm EST. Since trading status cannot be changed during trading hours, the " E" symbol will come off after the market is closed.
About Hartcourt
Hartcourt's achievements and operations can be found on its web site: www.hartcourt.com
Forward-looking statements
The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.
Contact:
Ms. Tingting Ni
+ 86 21 52138810
Fax: + 86 21 52138870
Email: ir@hartcourt.com
SOURCE: The Hartcourt Companies, Inc.
noch immer HRCTE !!!
...Since trading status cannot be changed during trading hours, the " E" symbol will come off after the market is closed.
Warten wirs ab was heute Nachmittag passiert...
hartmoneygrüsse
DailyListDate|Type|NewSymbol|OldSymbol|NewName|OldName|EffDate|Comments|Notes|CoPhone|Mkt_Cat
03/23/2005 13:35:22|S1|HRCT|HRCTE|Hartcourt Companies, Inc. (The) Common Stock|Hartcourt Companies, Inc. (The) Common Stock|03/24/2005|**|||U
Du wirst schon sehen, dass HRCT noch in diesem Jahr erheblich höher notieren wird.
Ich habe aber nix verkauft, überlege noch zu günstigeren Kursen nachzulegen.
Am 31.3 Conference Call, vielleicht gibs was bahnbrechendes zu berichten.
14:29:11 0,102 600
14:23:52 0,103 4.550
12:17:27 0,106 14.000
11:33:28 0,109 4.550
10:46:16 0,108 1.000
10:12:50 0,102 400
09:46:07 0,100 34.500
09:28:55 0,105 10.000
09:13:50 0,110 101.000
Sale of Equity
ITEM 3.02 UNREGISTERED SALE OF EQUITY SECURITIES
On March 29, 2005, The Hartcourt Companies, Inc. (the "Company") entered into a Share Purchase Agreement to issue and sell 8,500,000 shares of its common stock in an offshore transaction under Regulation S of the Securities and Exchange Commission to Mr. Jian Zhou, Ms Lili Li, Mr. Chong Sui Keung, Mr. Yarong Huang and Mr. Guolin Su at $0.05 per share for total gross proceeds of US$425,000.
On March 29, 2005, the Company entered into a Share Purchase Agreement to sell 17,142,857 shares of its common stock in an offshore transaction under Regulation S to Ever Growth Holdings Ltd at $0.035 per share for total gross proceeds of US$600,000.
The Company effected the private offering of its shares in order to raise capital to pay the court judgment of its lawsuit with the Securities and Exchange Commission. The Company's board of directors authorized the private offering of unregistered shares at a discounted price from the then current price of the Company's publicly traded shares as the most expeditious way to raise the necessary funds.
